West Texas Intermediate oil traded near the highest level in two days before international talks with Iran on its nuclear program. China increased fuel prices for the first time since September. Futures were little changed in New York after gaining 0.3 percent on Feb. 22. Iran, which is under a Western embargo on its oil […]

South Pars Phase 12 first platform installed in Persian Gulf watersTEHRAN -- Pars Oil & Gas Company (POGC) managing director Mousa Souri says the first platform of the largest South Pars phase is already installed and he congratulated oil minister for the successful completion of these operations by the Iranian experts."This 4,410

The adviser to industrialised nations on energy policy said Opec-member Iran's exports jumped by a third to 1.3 million barrels per day in October from the earlier two months. That added additional pressure on prices already weak as the US and Europe grapple with their financial woes.Brent crude declined 12

The International Energy Agency, which advises industrialised nations on energy policy, issued a bearish report on Tuesday, showing improving supply, more limited increases in demand and rising global inventories.The IEA said Iran's production and exports had both rebounded in October, adding to growing global supply.Oil also came under pressure

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